Principal findings of the academic conference held on 13 and 14 October by the National Bank of Belgium on the theme “The transmission mechanism of new and traditional instruments of monetary and macroprudential policy”
Banknotes falling from the sky? Not really a panacea …
A unified monetary policy but national fiscal policies in the euro area: what have we learnt over the last few years?
«Why have central banks implemented asset purchase programmes? How do these programmes exactly work and how do they affect the economy?» Using a Q&A format, this article explains this «new weapon» of monetary policy
The financial crisis has led to the adoption of macroprudential policies – also in Belgium - which do interact with monetary policy. This article deals with the interactions and possible conflicts between these two policy domains. We illustrate this by an assessment of the current situation. Although beneficial for macroeconomic and hence financial stability, the impact on financial risk taking of the unprecedented monetary easing requires close monitoring.